Fundamental Analysis of Cement Industry in India

P. Hanumantha Rao*
*Assistant Professor, National Institute of Construction Management and Research, Hyderabad, India.
Periodicity:December - February'2017


The Indian economy is going through a very interesting phase of recovery at the moment. All the eight core industries are going to play a very significant role in this phase of recovery. One must watch out for the contribution of Cement industry as one of the core infrastructures supporting industry of India in time to come. There is a huge potential for the growth of the industry. As India has more potential for development in the infrastructure and construction sector, the cement sector is expected to largely benefit from it. In this context, it becomes very relevant to study how strong are the fundamentals of the cement industry in India. This article attempts to do so by taking into accounts the financial performance of 8 top cement companies operating in India over the last five years from 2010-11 to 2014-15. The various aspects included in the study are the liquidity position, profitability position, and managerial efficiency.


Current Ratio, Quick Ratio, Liquidity, ROA, ROCE, ROE.

How to Cite this Article?

Rao, P. H. (2017). Fundamental Analysis of Cement Industry in India. i-manager’s Journal on Management, 11(3), 41-50.


[1]. Amsaveni R and Gomathi, S. (2013). “Fundamental Analysis of Selected FMCG Companies in India”. Asia Pacific Finance and Accounting Review, Vol. 1, No. 3, pp. 37-55.
[2]. Biresh K Sahoo and Anandadeep Mandal, (2011). “Examining the Performance of Banks in India: Post Transition Period”. IUP Journal of Bank Management, Vol. 10, No. 2, pp. 7-31.
[3]. Cheema C.S and Aggarwal Monika, (2002). “Productivity in Commercial Banks: A DEA Approach”. The Business Review, Vol. 8, No. 1 & 2, pp. 15-17.
[4]. Ashok Kumar, M., (2015). “Financial Performance of Select Sugar Companies in Tamil Nadu”. International Journal of Advance Research in Computer Science and Management Studies, Vol. 3, No. 2, pp. 271-274.
[5]. Gogia, N., and Gupta, D.K. (2013). “Comparative Study on Liquidity Position of Indian Public Sector Steel Units and Private Sector Steel Authority of India Ltd”. VSRD International Journal of Business and Management Research, Vol. 3, No. 7, pp. 261-268.
[6]. P Janaki Ramudu, and S Durga Rao, (2006). “A fundamental analysis of Indian banking industry”. IPU Journal of Bank Management, Vol. 4, pp. 68-79.
[7]. S.S. Saravanan, and J. Abarna, (2014). “A Study on Liquidity Analysis of Selected Automobile companies in India”. Indian Journal of Applied Research, Vol. 4, No. 2, pp. 6-8.
[8]. Sandhar, Kaur, S., Janglani, and Silky, (2013). “A Study on Liquidity and Profitability of Selected Indian Cement Companies: A Regression Modelling Approach”. International Journal of Economics, Commerce and Management, Vol. 1, No. 1, pp. 1-24.
[9]. Sathye and Milind, (2001). “Efficiency of Banks in a Developing Economy: The Case of India”. School of Accounting, Banking and Finance, University of Canberra. Vol. 148, pp. 662-671.

Purchase Instant Access

Single Article

North Americas,UK,
Middle East,Europe
India Rest of world
Pdf 35 35 200 20
Online 35 35 200 15
Pdf & Online 35 35 400 25

If you have access to this article please login to view the article or kindly login to purchase the article
Options for accessing this content:
  • If you would like institutional access to this content, please recommend the title to your librarian.
    Library Recommendation Form
  • If you already have i-manager's user account: Login above and proceed to purchase the article.
  • New Users: Please register, then proceed to purchase the article.